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Cookware and home furnishings seller $WSM reported a decline in 1Q16 earnings due to supply chain and inventory initiatives, and lower franchise and wholesale margins. Net income slid to $39.6MM or $0.44 per share from $44.79MM or $0.48 per share last year. Net revenues grew to $1.1Bil from $1.03Bil. Non-GAAP EPS was $0.53 for 1Q16.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.